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Former Social Media Influencer In MD Gets Prison Time For $1.2M COVID Scheme Former Social Media Influencer In MD Gets Prison Time For $1.2M COVID Scheme
Former Social Media Influencer In MD Gets Prison Time For $1.2M COVID Scheme A former social media influencer from Maryland is heading to federal prison for his role in a $1.2 million COVID scheme involving wire fraud and money laundering. Denish Sahadevan, aka “Danny Devan,” 32, of Potomac, Maryland, was sentenced on Tuesday, Jan. 9 to three years in federal prison, followed by three years of supervised release, for wire fraud, aggravated identity theft and money laundering, authorities said. ‘Danny Devan’ gained a TikTok following for his financial advice regarding stocks and cryptocurrency: @.dannydevvan ♬ original sound - Stocks • Crypto • Money The …

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by Valerie Musson
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$6.8M COVID-19 Scam: Ex-Hedge Fund Manager Gets 4+ Years, No Parole $6.8M COVID-19 Scam: Ex-Hedge Fund Manager Gets 4+ Years, No Parole
$6.8M Covid-19 Scam: Ex-Hedge Fund Manager Gets 4+ Years, No Parole A dual New York/Florida resident was sentenced in New Jersey to a plea-bargained 51 months in federal prison for fraudulently collecting more than $6.8 million in COVID-19 payroll protection loans -- $3 million of which he lost in the stock market. Gregory J. Blotnick, 35, will have to serve just about all of the sentence because there's no parole in the federal prison system. In addition to the prison term, U.S. District Judge Brian R. Martinotti sentenced Blotnick in Newark to two years of supervised release and ordered him to pay restitution of $4,577,631. Blotnick told the judge last f…

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by Jerry DeMarco